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Wednesday, April 29, 2015 10:21:23 AM
Matson MATX Blasting Off to the Moon on Massive EPS forecast hike.
The quarterly EPS growth year over year is a stunning 276.5%. What is really shocking though is the EPS forecast hikes. About 60 days ago, the EPS forecast was $0.32. About 30 days ago, that was raised to $0.55. That’s an incredible +71.8% increase in the EPS forecast!
Matson stock trades in the Shipping and Ports industry. If you believe that QE and central bank action around the world is going to revive the global economy, there is no better industry to play than Shipping and Ports in my opinion.
Matson stock just did a Triple Top Breakout after a prolonged consolidation period that lasted from July 2013 to November 2014. That’s a long time for a stock to consolidate and basically go no where. That’s a long term energy field that had a long time to coil up. That coil just released itself in November of last year.
Source: Matson Stock Price In Strong Uptrend
The quarterly EPS growth year over year is a stunning 276.5%. What is really shocking though is the EPS forecast hikes. About 60 days ago, the EPS forecast was $0.32. About 30 days ago, that was raised to $0.55. That’s an incredible +71.8% increase in the EPS forecast!
Matson stock trades in the Shipping and Ports industry. If you believe that QE and central bank action around the world is going to revive the global economy, there is no better industry to play than Shipping and Ports in my opinion.
Matson stock just did a Triple Top Breakout after a prolonged consolidation period that lasted from July 2013 to November 2014. That’s a long time for a stock to consolidate and basically go no where. That’s a long term energy field that had a long time to coil up. That coil just released itself in November of last year.
Source: Matson Stock Price In Strong Uptrend
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